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Forex Broker Review: YouTrade FX


YouTrade FX Review Check Rating Analysis at OnlineForex.Biz

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YTFX GENERAL INFORMATION

Found: YouTrade FX was found in 2008

Headquarters: YouTrade FX maintain offices in London, UK

US Residents: YouTrade FX forbids traders from US –No

Islamic Accounts: YouTrade FX supports Islamic Accounts {no interest / no SWAP/ no rollover} –YES-

Regulated: YouTrade FX is regulated by ASIC (No 398528), FSC (No 097392)

Languages: YouTrade FX web-site supports English and 16 more languages


YTFX TRADING INFO SUMMARY

■ Broker Type: ECN / STP Forex Broker

CFD Trading: Yes

■ Binary Options: Yes

Platforms: YouTrade FX Offers Web Trader, Mirror Trader, MetaTrader 4 & 5

Trading Time Zone: GMT

■ Demo Account: YouTrade FX is providing a Demo Account –YES

■ Typical Spread EUR/USD: YouTrade FX spread on EUR/USD is 1,5 pips (ECN) and 2-4 pips (STP)

■ Leverage: Leverage at YouTrade FX can be up to 1:500

Scalping: is not allowed at YouTrade FX –No-

■ Bonus: YouTrade FX offers First deposit Bonus 50% (up to $2,000)

■ Minimum Account: $100 (STP mini) / $1,000 (ECN account)

 

TRADING ASSETS

YTFX TRADING ASSETS

YouTrade FX is providing many trading Assets, including CFD trading and Binary Options:

30+ Forex Currencies

Several Commodities (Gold, Oil and Energy included)

Several Stocks & Indices

COMMISSIONS & LEVERAGE

YTFX SPREAD & TRADING COMMISSIONS

Forex Trading

YouTrade FX Spread on EUR/USD is 1,5 pips for ECN trading and 2-4 pips for STP trading

Stock Trading

$0.01 commission / share, with a min trading commission of $1.50.

Options Trading

$5 commission / ticket and additional $2 / contract.

Money Deposits

YTFX is charging $15 for a transfer commission.

Money Withdrawals

YTFX is charging $30 in the form of a transfer commission.

Miscellaneous Fees

-$50 / ACAT Transfer Outgoing

-$25 / DTC Transfer Outgoing

-$19.20 / SEC Transaction Fee (per mil)

-$15 / Wire Transfer Outgoing (Domestic)

-$50 / Wire Transfer

YTFX TRADING LEVERAGE

Leverage at YouTrade FX can be up to 1:500

TRADING PLATFORM & MOBILE

YTFX TRADING PLATFORM

YouTrade FX is offering a wide variety of Trading Platforms.

Online YTFX Platforms include:

1) YTFX Fx Web Trader

2) YTFX Fx Mirror Trader

3) MetaTrader 4 & 5

Note: YTFX allows trading signals form ZuluTrade & Tradency

»What is ZuluTrade (on ForexAutomatic.com)

»What is Tradncy Mirror Trade (on ForexAutomatic.com)

Demo account is available at YouTrade FX.

YTFX MOBILE TRADING

YouTrade FX supports a mobile application for iPhone (MT4 mobile) and a Web Mobile platform.

NEW ACCOUNT INFORMATION

YouTrade FX Minimum Account:

The minimum initial deposit required for opening an account on YouTrade FX is 100 USD (STP account) and 1,000 USD (ECN account)

YouTrade FX Deposit Methods:

1) Credit Cards

2) Bank Wire

3) Cash U

4) Liberty Reserve

5) Web Money

6) MoneyBookers

YouTrade FX Withdrawal Methods:

1) Credit Cards

2) Bank Wire

BONUS & REBATES

YouTrade FX offers First Deposit Bonus up to 50%

Conclusion:

YTFX is providing traders with many options. YTFX is offering many FX currencies, several stocks and indices, commodities, CFDs and Binary Options. Moreover, it is offering many deposit methods, many account currencies and many different trading platforms. In addition, this broker is regulated (ASIC, FSC and FSA). The only serious con is the charging of several commissions in all forms of trading, while the spread charged in Forex trading is considerably wide also.


CONTACT INFORMATION

YTFX general telephone number

(UK) +44-203-3183333 Fax: +44-207-7859329

YoutradeFX offices:

1) England, 35 New Broad Street,London

2) Germany, Marienstrabe 19/20, Berlin-Mitte

3) Australia, 19-21 hunter st.Sydney

4) India, Lajpat Nagar 2nd,New Delhi

5) Cyprus, Panteli Katelari, 21

6) Mauritius,NewtonTower,Port Louis

 

YTFX PROS AND CONS (According to competition)

YTFX REVIEW CONCLUSIONS

YTFX PROS

YTFX CONS

√ Offering wide variety of Trading Assets

√ Many Trading Options (Deposit Methods, Account Currencies, Languages etc)

√ CFD trading and Binary Options

√ 24/6 support, also Phone and Live Chat

X Charging several commissions

X Relative high spread compared to other Forex Brokers

 

 

 

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■ YTFX REVIEW

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